Market structure was clean, clean traffic to the left. Every rule / confluence was met - great RR and great RT to EMA on HTF and entered TF - however took a chance on price action as the entered bearish engulf was 50% body & wick.....then trade is invalid !!
Because you trade against the trend the real picture of the actual trend in the USDJPY is an uptrend (Bullish), there is a High in the daily TF that probably is going to be taken.
grantsimon
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@samir_mengadi, Most instances my setups are aligned with the HTF trend. My SL was triggered in this case, re-looking at the play the trade was invalid due to poor bearish confirmation on the entered candle. Thanks for your feedback Samir.